New York City — Saks Global Enterprises is advancing its planned optimization across its real estate portfolio by announcing the closure of an additional 12 Saks Fifth Avenue stores and three Neiman Marcus locations. This builds on initial closures announced last month.
While select markets will be streamlined to include either a Saks Fifth Avenue or Neiman Marcus store based on considerations for each location — including performance and customer preference — the company will continue to operate both brands in luxury destinations that represent a growth opportunity.
With the announced closures, Saks Global has largely completed the optimization of its footprint. There are no changes to the Bergdorf Goodman operational footprint.
Except for the closing locations, the company’s stores and e-commerce experiences across Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman are operating as usual.